Innodata (NASDAQ:INOD – Get Free Report) had its price target boosted by equities research analysts at BWS Financial from $110.00 to $140.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “top pick” rating on the technology company’s stock. BWS Financial’s price objective suggests a potential upside of 43.94% from the stock’s previous close.
A number of other brokerages have also recently commented on INOD. Wedbush upped their price target on Innodata from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, June 4th. Weiss Ratings upgraded Innodata from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 3rd. Finally, Wall Street Zen upgraded shares of Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $130.00.
Get Our Latest Research Report on INOD
Innodata Stock Performance
Innodata (NASDAQ:INOD – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.08 by $0.34. The firm had revenue of $90.10 million during the quarter, compared to analyst estimates of $76.47 million. Innodata had a return on equity of 37.49% and a net margin of 13.86%.Innodata’s revenue was up 54.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 EPS. As a group, equities analysts anticipate that Innodata will post 1.14 EPS for the current year.
Insider Transactions at Innodata
In related news, COO Ashok Mishra sold 38,666 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $114.34, for a total value of $4,421,070.44. Following the sale, the chief operating officer directly owned 83,179 shares in the company, valued at approximately $9,510,686.86. The trade was a 31.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Marissa B. Espineli sold 19,667 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $105.88, for a total value of $2,082,341.96. Following the transaction, the chief financial officer owned 28,014 shares of the company’s stock, valued at $2,966,122.32. This represents a 41.25% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,178,826 shares of company stock valued at $112,016,456. 11.80% of the stock is owned by company insiders.
Institutional Investors Weigh In On Innodata
Several large investors have recently bought and sold shares of INOD. Northwestern Mutual Wealth Management Co. bought a new position in Innodata during the fourth quarter valued at $26,000. Farther Finance Advisors LLC raised its position in shares of Innodata by 506.0% during the 4th quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock valued at $41,000 after buying an additional 673 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of Innodata during the first quarter valued at $45,000. IFP Advisors Inc raised its holdings in shares of Innodata by 1,567.5% in the third quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock valued at $51,000 after acquiring an additional 627 shares in the last quarter. Finally, Leonteq Securities AG purchased a new stake in Innodata in the fourth quarter worth about $51,000. Institutional investors own 30.75% of the company’s stock.
About Innodata
Innodata Inc (NASDAQ: INOD) is a digital services and technology company that specializes in data engineering and artificial intelligence solutions. Founded in 1988 and headquartered in East Brunswick, New Jersey, the company provides structured content and digital transformation services to publishers, media companies, legal and compliance organizations, and other information-intensive industries. Innodata’s platform enables clients to convert unstructured text, images and multimedia into high‐quality, machine‐readable formats that support search, analytics and AI model training.
The firm’s offerings include content enrichment, metadata management, taxonomy development, digital asset management and data annotation services.
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